economy

  • Central planning always bad, no matter who does it and why?

    Once upon a time there was a country. Year after year, that country funded the wrong projects, built the wrong infrastructure and bought the wrong things. Eventually, the accumulation of bad investment made that country so fragile that even the smallest shock could topple it.

    The reason for this failure was

  • Executive paychecks explain Move to Amend

    There are moments in which certain news seem to arrive only to give better context, explanation and motivation for others. This feels like one of those moments. According to the New York Times: paychecks for top American executives were growing again in 2010 some top executives are already making more than they were before the economy soured median pay for top executives at 200 big companies last year was $10.

  • Capitalism isn't working in USA, says Nobel Prize

    Poverty reduction in the Third World has been tremendous, and more is yet to come. Besides, many goods and services are less expensive than they would without globalization. However, global capitalism isn’t working for the middle class in the USA: they are struggling to find or keeps (poorly paid) jobs, while the benefits are mostly being enjoyed by the C-suite.